KSE's Q3 financial results show positive growth, but low operating cash flow raises concerns.

Nov 12 2024 05:00 PM IST
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KSE, a microcap company in the refined oil and vanaspati industry, has shown positive financial performance in the quarter ending September 2024. The company's PBT and PAT have both increased significantly compared to the previous four quarters. However, the company's Operating Cash Flow has declined, which may be a concern for investors. MarketsMojo has given a 'Hold' call for the stock, advising caution before making any investment decisions.
This is a cause for concern for investors.

KSE, a microcap company in the refined oil and vanaspati industry, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with a score of 16, which is an improvement from the previous quarter's score of 12.

According to the financials, KSE's Profit Before Tax (PBT) has grown by 48.6% to Rs 18.91 crore, compared to the average PBT of the previous four quarters, which was Rs 12.72 crore. This indicates a very positive trend in the near term for the company. Similarly, the Profit After Tax (PAT) has also shown a growth of 52.6% to Rs 15.29 crore, compared to the average PAT of the previous four quarters, which was Rs 10.02 crore.

However, the company's Operating Cash Flow for the year has been the lowest in the last three years, at Rs -15.02 crore. This indicates a decline in the company's cash revenues from business operations, which may be a cause for concern for investors.

Despite the positive financial performance, MarketsMOJO has given a 'Hold' call for KSE's stock. This means that while the company's performance is improving, it is not recommended for investors to buy or sell the stock at this time. It is important for investors to carefully analyze the company's financials and market trends before making any investment decisions.
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